DR AMISH SHAH
Indian-born Nithya Raman elected Mayor of Los Angeles, scripts history as first South Asian mayor of the city
Nithya Raman has made history by becoming the first South Asian mayor of Los Angeles. She won the election against incumbent Karen Bass during the recent mid-term elections. Raman, an urban planner with degrees from Harvard and MIT, aims to address housing and transit issues. The Indian-American community has achieved significant political gains across the country in these elections.
US midterms 2026: Where Indian-American candidates stand on immigration
As the 2026 midterm elections draw near, Indian-American candidates are stepping into the intricate sphere of immigration discussions within the U.S. The different positions taken by these candidates shed light on pressing concerns for Indian professionals, addressing everything from stringent border policies to frustrating green card delays.
Is Nifty's cheap-looking valuation a mirage? Why $100 oil could trap value hunters
Analysts warn India's Nifty valuations may be a mirage, with crude oil prices above $100 potentially triggering significant earnings downgrades for FY27. BofA Securities has already cut its Nifty earnings growth forecast, citing elevated oil prices and a potential slowdown in GDP growth. Elevated crude oil prices could lead to low single-digit downgrades, particularly in oil-sensitive sectors.
Is the $21 billion FII exodus ending? One major risk still stands in the way
Foreign institutional investors are cautiously returning to Indian stocks after a significant exodus, driven by a strengthening rupee and an interim trade deal with the US. However, a sustained comeback hinges on improving corporate earnings, which have remained a concern, posing a key risk to continued foreign inflows.
Sensex to cross 90,000 in 2026? What top brokerages predict in ET Markets poll
Indian equities are poised for a blockbuster 2026, with a poll of 13 brokerages predicting the Sensex will surpass 90,000. This optimism stems from expected Fed rate cuts, accelerating earnings, and a potential reversal of foreign selloffs, with many anticipating foreign investor inflows.
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US Elections: Who is Amish Shah, Indian-origin Democrat fighting on Arizona house seat
Amish Shah, an Indian-origin Democrat, initially led in Arizona's First Congressional District election but faced a setback as Republican David Schweikert pulled ahead. Shah, a state representative and doctor, sought to capitalize on voter turnout driven by an abortion rights measure. The district, once a Republican stronghold, is now considered competitive with a significant Independent voting bloc.
If US avoids recession, how far can Nifty go? BofA analysts predict
Global brokerage firm BofA said it sees Nifty inching ending December 2023 at 20,500 as returns have mostly been positive at least three months prior to the end of the US recession as well as during the phase of FED's penultimate rate hike to six months after the start of rate cuts (current phase).
LIC ignores bear howls to strengthen hold on Dalal Street's most hated corner
India's largest domestic investor, LIC, has raised its ownership stakes in seven of the biggest Indian tech majors, including TCS, Infosys, Tech Mahindra and Wipro. The state-owned insurer's investment rose 48 basis points in Infosys, to give it 8.19% ownership, while a 111 basis points increase to 3.34% in L&T Technology Services was the highest. Despite foreign institutional investors expressing recession-related worries in western economies, LIC's investment in India's IT sector comes to around INR1.3tn ($17bn), around 13% of its Dalal Street portfolio.
US Fed signals grand finale of rate hikes. How it may impact Nifty bulls
The Sensex rose by up to 187 points, as the US Federal Reserve announced a 25-basis point rate hike, with Nifty hitting the 18,140-mark. The Federal Reserve implied that this would be the last rate hike of the cycle, a sentiment that was welcomed by the markets
India is 'marching ahead' in all fields under PM Modi's leadership: CIC Uday Mahurkar
Mahurkar said that Narendra Modi's model comprises five essential factors: Transparency, Delivery, Use of technology in governance, Innovation and Model based on individual pride.
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